Feeling the pressure of 9 straight quarters with a decline in total revenue, Caterpillar has acquired the equipment sharing startup, Yard Club, to get help dig themselves out of the dirt. Their most recent quarter was the company’s first positive revenue quarter since November of 2012.
Read moreEquipment Giant Caterpillar Has Financed Startup Peer-to-Peer Equipment Sharing Company
Yard Club, Inc.
We all know sharing equals caring, but apparently sharing also equals a whole bunch of cash for those involved, as well. We’ve touched on the vast opportunity of heavy equipment sharing in the construction industry a lot, recently, with the rate equipment rentals on the rise and the launch of EquipmentShare, a peer-to-peer equipment rental company recently entering the market. Now there’s another peer-to-peer equipment sharing company making news and it’s got a heavy hitter backing it financially.
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